(CercleFinance.com) – Wall Street gave up almost nothing after a good week and gains of +2 to +2.5%: the Dow Jones recorded a limited loss (-0.41% to 39,313), likewise as the S&P500 (-0.31% to 5,218), the Nasdaq-100 (-0.34% to 18,277) and the Nasdaq composite (-0.27% to 16,384).
The main American indices had started the week with very similar declines, a few buyers had reduced the losses by half mid-session, then heaviness prevailed again.
A few stocks weighed on the trend, such as Illumina -2.3%, Cadence -2%, Intel -1.7%, Qualcomm, KLA and On-Semiconductor -1.5%, Microsoft -1.4%.
This was not offset by the rise of Micron which gained +6.3%, or the increases of Adobe +1.5%, Tesla +1.1%, Nvidia +0.8% (new record closing at $950, for $2.375 billion in capitalization). Boeing recovered +1.4% with the confirmation of the departure of the CEO and several senior executives: a reaction that can be described as ‘moderate’.
The macroeconomic agenda was particularly bare this Monday, apart from the publication of new housing sales: they fell imperceptibly, by -0.3% in February compared to the previous month, to settle at 662,000 units at an annualized rate. , after an increase of 1.7% in January.
The median price of houses stood at $400,500 and the average price stood at $485,000: the rise in rates still has no impact on prices, which remain close to historical records, making real estate unaffordable for 80% of the population.
Even the richest who have no need to borrow (at more than 6.80% for the best profiles) cannot embark on a ‘bargain hunt’. The stock of new houses for sale represented 463,000 at the end of February, representing a reserve of approximately 8.4 months at the rate of sales at the time.
On the bond market, the start of the week is marked by consolidation with T-Bonds which show +4 basis points at 4.258%, and a ’30 years’ which advances by +3 basis points at 4.422%.
Oil stands out this evening with an increase of more than 1.7% to $82 on the NYMEX, with the re-test of the recent zenith of $82.5 intraday.
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